Pay, Patriots And The Art of Promise: What Results Season Taught Us

Most of the biggest pharmaceutical companies that pay taxes in Europe or North America have told the world how they got on in 2017. So what, other than the corrective value of financial performance minutiae, did we learn?

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The results are in, and here are the answers without questions

There are 10 highly important lessons that can be distilled from the recent compulsory annual disclosures at big pharma companies.

Investors believe they are playing the market based on a knowledge of the companies whose stocks trade there. But perhaps...

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